Changes

= <span id="docs-internal-guid-8674bfce-2cd9-9a73-43e3-5584e4e96588"><span style="font-size: 35px; font-family: 'Trebuchet MS'; color: rgb(68, 68, 68); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Regional and Local Economic Development </span></span> =

<span id="docs-internal-guid-8674bfce-2cd9-9a73-43e3-5584e4e96588"><span style="font-size: 15px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">ASU’s unique assets – including intellectual capital, advanced facilities and student talent – are invaluable in developing a regional economic ecosystem where innovation-based firms can thrive. As a regional economic engine, ASU injects revenue back into the community through student, visitor, and staff spending, and by providing a stable source of employment for thousands of Arizonans.</span></span>

<span id="docs-internal-guid-8674bfce-2cd9-9a73-43e3-5584e4e96588"><span style="font-size: 15px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">More specifically, ASU provides the following economic impact in the regional and local economic development:&nbsp;&nbsp;&nbsp</span></span><ul style="margin-top:0pt;margin-bottom:0pt;"><li><span id="docs-internal-guid-8674bfce-2cd9-9a73-43e3-5584e4e96588"><span style="font-weight: bold; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">ASU directly employs</span><span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">over 20,000 Arizonans, generating $961 million in wages;</span></span></li><li><span id="docs-internal-guid-8674bfce-2cd9-9a73-43e3-5584e4e96588"><span style="font-weight: bold; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Spending by visitors to ASU or sponsored events</span><span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">generated $69 million;</span></span></li><li><span id="docs-internal-guid-8674bfce-2cd9-9a73-43e3-5584e4e96588"><span style="font-weight: bold; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">ASU student spending</span><span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">directly generates $248 million of labor income in the state of Arizona;</span></span></li><li><span id="docs-internal-guid-8674bfce-2cd9-9a73-43e3-5584e4e96588"><span style="font-weight: bold; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">ASU employee and student spending</span><span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">pumps over $1.8 billion into the local economy every year; and</span></span></li><li><span id="docs-internal-guid-8674bfce-2cd9-9a73-43e3-5584e4e96588"><span style="font-weight: bold; vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Arizona taxpayers invest</span><span style="vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">$386 million a year in ASU, and realize a $3.4 billion economic yield on their<span style="font-size:medium;">investment</span></span></span><span style="font-size:medium;"><span style="color: rgb(34, 34, 34); font-family: Arial, Verdana, sans-serif;">estment</span></span></li></ul>

*'''ASU directly employs''' over 20,000 Arizonans, generating $961 million in wages&lt;*'''Spending by visitors to ASU or sponsored events''' generated $69 million/ul&gt;*'''ASU student spending''' directly generates $248 million of labor income in the state of Arizona;*'''ASU employee and student spending''' pumps over $1.8 billion into the local economy every year; and*'''Arizona taxpayers invest''' $386 million a year in ASU, and realize a $3.4 billion economic yield on their investment